Complete idiotic ad. If you own bonds you got nothing. Bonds are not backed by collateral future income streams. IF USA defaults, China gets the short end.
For many years to come, China will depend on America (1) to buy things they produce (2) to stay away from inflation. The FED policy is reasonable. They are just pumbing in the Economy all the cash Chinese took away and never reinvested in US economy but only in bonds so they can get interest on top of the trade deficit game. They achieved all that by manipulating their currency. Thus, I will add
Great nations also fail because they manipulate their currency and China is a candidate for failure.
For many years to come, China will depend on America (1) to buy things they produce (2) to stay away from inflation. The FED policy is reasonable. They are just pumbing in the Economy all the cash Chinese took away and never reinvested in US economy but only in bonds so they can get interest on top of the trade deficit game. They achieved all that by manipulating their currency. Thus, I will add
Great nations also fail because they manipulate their currency and China is a candidate for failure.
